Music News by Rockol

IFPI report reveals new highs in on-demand streaming habits

Tue, 24 Sep 2019 10:00:00 GMT

The IFPI's new "Music Listening 2019" study (the new name for its annual "Music Consumer Insight" report) has been relesed. Reading it we note that streaming continues to grow: 89% of respondents…

Sony Music’s merch operation expands

Wed, 07 Aug 2019 07:00:00 GMT

Sony Music’s merchandising division, The Thread Shop, is going to acquire the music merch division of The Araca Group for an undisclosed fee. New York-based The Araca Group was founded in 1997 by…

Is Tencent buying 10% of Universal Music Group?

Wed, 07 Aug 2019 04:00:00 GMT

Chinese coloss Tencent made an offer to buy 10% of UMG for €3bn. If the deal is finalized, Tencent would also have a one-year call option to acquire an additional 10% of UMG at the same price and…

Spotify's paying subscribers reaches 108m

Wed, 31 Jul 2019 15:30:00 GMT

A new financial update released on July 31 by Spotify confirmed that the company's premium subs count was up 31% year on year (on the same three months, to end of June, in 2018) – but below the…

FUGA acquire rights platform Songspace

Wed, 31 Jul 2019 05:00:00 GMT

FUGA, tha amsterdam.based technology and services company, just acquired full ownership of Nashville-based rights management and creative workflow platform Songspace.

Songspace’s software…

Vivendi to appoint investment for the sale of up to 50% of its subsidiary UMG

Thu, 25 Jul 2019 05:00:00 GMT

France-based coloss Vivendi is appointing, today (July 25th) “several investment banks” for the sale of up to 50% of its subsidiary Universal Music Group.

The news, reported by Reuters…

FIMI's Enzo Mazza urges Spotify to ‘do more’ make Italians subscribe

Mon, 22 Jul 2019 14:00:00 GMT

Enzo Mazza, boss of Italian music body FIMI talkend about his thoughts (during an interview with Torrentfreak) on the topic of music subscriptions. He said:

The main issue…

Patreon announced a $60m Series D funding round

Wed, 17 Jul 2019 16:00:00 GMT

Crowdfunding firm Patreon announced a $60m Series D funding round, taking its total raised since launch to nearly $166m.

Musician Serj Tankian (from System of a Down) is one of the…

7digital Group plc annonces board changes

Tue, 16 Jul 2019 09:00:00 GMT

Following the publication of its annual accounts for the year ended 31 December 2018, 7digital Group plc announced the appointments of Tamir Koch as Non-Executive Chair and David Lazarus as Non…

Spotify changed its mind: it won't be a distributor

Tue, 02 Jul 2019 04:00:00 GMT

Spotify, last year, announced that it was enabling artists to upload their music direct to the platform.

This feature launched in Beta in September 2018. A month later, Spotify doubled…